Cattle futures lower waiting on cash business

Cattle futures lower waiting on cash business

At the Chicago Mercantile Exchange, live and feeder cattle were mostly lower, waiting for direct business to develop.  December live cattle closed $.47 lower at $175 and February live cattle closed $.57 lower at $176.07.  January feeders closed $1.52 lower at $228.32 and March feeder cattle closed $1.07 lower at $231.22. 

Direct cash cattle trade for the most part was quiet again Tuesday.  A few bids did surface at $278 to $280 dressed in Nebraska, but were passed. 


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